Fifty-seven money changers closed their operations over the past year, while the volume of money exchanged plunged by over 600%, mainly due to the country’s suspension of cross-border travel amid the Covid-19 pandemic. According to data from the Bank of Thailand, as of May 2021, the total number of money exchange service providers was 2,334, […]
Read MoreMANILA, Philippines — The Philippine economy is expected to turn in a strong second quarter performance, but sustaining such growth hinges on the reopening of economic activities to bring back consumption and boost business confidence, the country’s top economic planner said. During the Economic Journalists Association of the Philippines forum yesterday, Socioeconomic Planning Secretary Karl […]
Read MoreTHE Asean Financial Innovation Network or AFIN is launching a new digital currency sandbox so that banks and fintechs can experiment with central bank digital currency applications, or CBDCs, and drive global adoption. The not-for-profit entity jointly formed by the Monetary Authority of Singapore (MAS), the International Finance Corporation and the Asean Bankers Association has […]
Read MoreCambodia represents an attractive opportunity for agricultural producers based in the United States, according to a report issued by the US Department of Agriculture (USDA). The recently published “Cambodia Exporter Guide” said “Cambodia remains a potential market for US agricultural products thanks to its young population, a growing middle-income class and rising demand for high-quality […]
Read MoreFor the first six months of the year, Vietnam’s GDP growth is estimated at 5.8%, lower than the government’s expectation of 6.22%. Despite the serious Covid-19 situation, Vietnam is likely to realize the GDP growth target of 6% set by the National Assembly. Deputy Prime Minister Le Minh Khai gave his remarks at a meeting […]
Read MoreThe jump in food delivery orders during the Covid-19 pandemic has caused the volume of plastic and infectious waste to spike, according to an environmental situation report presented to the cabinet on Tuesday. After the report was presented, deputy government spokeswoman, Traisuree Taisaranakul admitted the demand for meal deliveries had risen as more people were […]
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Thailand
